ridethepig | AUD Market Commentary 2019.11.15
The DXY completed its retracement from the October decline, and now looks to be in retreat. A dramatic change is coming for the FX board and AUD will continue to rally as USD loses its shine. For now, funding flows that I can see in house seem to be balanced, this will not remain the case for much longer, mark my words.
A rally here will break us out of the downtrend and do significant technical damage into year-end. No surprises we remain in the same flows as widely mentioned here and in the live telegram before:
Those tracking the previous macro chart on AUD:
While the macro chart for USD is also clear:
For those trading the immediate flows, to put simply I am looking to buy AUD back towards the 0.695x highs as USD devaluation kicks in once more. For those wanting to read further on the macro flows remember to jump into the Telegram channel.
Comment with your ideas and charts on AUD so that we can further the discussion for all and know you are engaging.
Good luck.
A rally here will break us out of the downtrend and do significant technical damage into year-end. No surprises we remain in the same flows as widely mentioned here and in the live telegram before:
Those tracking the previous macro chart on AUD:
While the macro chart for USD is also clear:
For those trading the immediate flows, to put simply I am looking to buy AUD back towards the 0.695x highs as USD devaluation kicks in once more. For those wanting to read further on the macro flows remember to jump into the Telegram channel.
Comment with your ideas and charts on AUD so that we can further the discussion for all and know you are engaging.
Good luck.
Comment:
The Macro Map for NZD 2020 has been complete
Trade closed: target reached:
Second targets at 0.695x hit!!!! Well done those riding the pig.
